Moneycontrol
Get App
Last Updated : Feb 08, 2017 10:49 AM IST | Source: CNBC-TV18

Buy Hexaware, GSPL, Star Paper Mills; sell UBL: Mitessh Thakkar

According to Mitessh Thakkar of miteshthacker.com, one can buy Hexaware Technologies, Gujarat State Petronet and Star Paper Mills and advises selling United Breweries.

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Hexaware Technologies is looking interesting. That is after a slightly weakfish close despite the fact that intraday it was very active yesterday because of numbers. It is showing follow-up buying and the pattern is quite positive. So, I would buy this one with a stop loss below Rs 197 and look for targets of around Rs 210."

"The other one is the stock in news, United Breweries (UBL) because of UB Holdings news, etc. It is breaking down and that would be a good sell call," he said.

"I would stick to more of cash ideas, that is where the clarity is there. Couple of stocks breaking out are Gujarat State Petronet (GSPL) which can be bought with a stop loss at Rs 162, look for targets of Rs 180."

"Star Paper Mills has been moving up after a consolidation. That is a buy with a stop loss at Rs 203 and look for targets of Rs 235."

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Feb 8, 2017 10:43 am
Sections
Follow us on